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Expenses and Benefits
Volume 78, Program 9
10/25/2007
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Can I afford to adopt a child? Today on Home School Heartbeat, Mike Smith talks with a homeschooling father of five adopted children about some of the financial concerns adoptive parents face.

Mike Smith:
With me again today is Tony Brewer, founder of A Helping Hand Adoption Agency in Kentucky. Tony, what are some of the expenses as well as some of the monetary benefits homeschool parents should think about when considering adopting a child internationally?

Tony Brewer:
Mike, like all adopting parents, homeschool parents are going to need to deal with the issue of cost when they adopt internationally. That cost is going to range, depending upon the country, from maybe as low as twelve thousand to as much as thirty thousand. So it’s a significant cost. The cost is spread out over a year or more, but it’s still significant. There’s travel cost involved, there’s in-country cost involved, government fees, and a lot of social work-type fees. So that’s a cost, it’s also an administrative and bureaucratic process so it’s going to test anybody's patience, and it’s an opportunity to grow in patience to go through the adoption internationally. Thankfully, there’s some monetary benefits and some helps. The federal government gives a tax incentive of a tax credit of eleven thousand dollars-plus per year. And more and more employers are helping with adoption costs as well as some foundations who have grants available.

Mike:
Well, thank you very much, Tony. Your information has been very helpful to our listeners. And until next time, I’m Mike Smith.


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